Archived - Debt Management Report 2003–2004 : 2

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For interest-bearing debt as of March 31. Calculation methodology may vary slightly from year to year. The definition of interest-bearing debt has changed slightly in 2002–03 to reflect the adoption of the full accrual basis of accounting.

2 Average over the year. Comparative figures for prior years are not available.

3 Includes capital lease obligations.

Sources: Public Accounts of Canada, Bank of Canada Review, Department of Finance estimates.

Note: Subcategorization of Government of Canada debt is in accordance with Bank of Canada reports, which may vary slightly from Public Accounts categories due to differences in classification methods. The total outstanding market debt may not equal the sum of the parts due to slight differences between the Bank of Canada’s and Department of Finance’s numbers.

1 Includes EMTNs.

Sources: Bank of Canada Review, Department of Finance.

Reference Table III
Average Weekly Domestic Market Trading in Government of Canada Securities, April 2003 to March 2004

Reference Table IV (cont’d)
Distribution of Domestic Holdings of Government of Canada Securities
PART C —Treasury Bills and Canada Bills

Year end

Persons and unincorporated businesses

Non-financial corporations

Bank of Canada

Chartered banks

Quasi-
banks2

Life insurance companies and pension funds

Public and other financial institutions3

All levels of government4

Total5

($ millions)

1976

171

125

1,964

4,219

52

44

515

193

7,283

1977

394

136

2,461

4,949

143

98

1,020

311

9,512

1978

576

198

3,567

5,517

193

261

1,554

519

12,385

1979

785

165

4,345

6,690

65

245

1,550

843

14,688

1980

1,493

288

5,317

7,500

619

460

2,431

1,512

19,620

1981

1,019

369

5,431

8,597

343

560

2,187

1,082

19,588

1982

1,237

1,930

2,483

10,034

1,357

1,244

5,008

1,199

24,492

1983

3,766

5,146

2,595

12,879

3,180

2,587

5,376

1,286

36,815

1984

7,454

6,275

3,515

12,997

2,792

3,876

6,544

2,498

45,951

1985

13,340

6,517

3,985

12,629

3,651

3,924

8,129

4,136

56,311

1986

16,158

4,875

7,967

15,161

4,709

3,592

10,164

3,416

66,042

1987

17,733

7,232

9,682

11,498

3,725

4,806

9,589

5,002

69,267

1988

20,213

7,414

9,945

15,224

5,614

7,648

9,133

7,726

82,917

1989

29,156

9,668

11,124

17,410

8,116

9,664

12,908

9,251

107,297

1990

36,461

10,756

10,574

17,841

8,976

11,737

13,298

9,388

119,031

1991

30,423

10,437

13,093

24,382

9,089

12,386

17,636

10,417

127,863

1992

32,901

11,254

14,634

27,989

9,646

13,639

19,907

8,726

138,696

1993

27,459

9,657

16,876

29,901

9,222

17,085

22,336

7,151

139,687

1994

17,562

8,499

18,973

30,415

6,879

14,376

22,021

10,631

129,356

1995

16,296

9,204

18,298

30,865

7,760

15,315

25,183

10,603

133,524

1996

10,474

8,285

17,593

23,470

5,493

13,520

32,752

6,264

117,851

1997

5,966

6,858

14,233

19,448

3,133

8,944

32,653

3,803

95,038

1998

1,291

6,215

10,729

16,713

2,392

4,529

32,508

3,578

77,955

1999

8,539

6,662

8,584

9,814

3,234

8,128

36,932

3,497

85,390

2000

7,568

6,735

8,090

6,188

685

7,222

31,087

5,108

72,683

2001

8,744

6,990

11,427

9,969

675

10,401

37,154

6,838

92,198

2002

551

5,894

11,639

18,869

708

12,768

40,087

7,115

97,631

2003

987

5,268

11,733

26,150

863

15,196

40,843

7,647

108,687

Reference Table IV (cont’d)
Distribution of Domestic Holdings of Government of Canada Securities
PART D—Treasury Bills and Canada Bills

Year end

Persons and unincorporated businesses

Non-financial corporations

Bank of Canada

Chartered banks

Quasi- banks2

Life insurance companies and pension funds

Public and other financial institutions3

All levels of government4

Total5

(%)

1976

2.35

1.72

26.97

57.93

0.71

0.60

7.07

2.65

100.00

1977

4.14

1.43

25.87

52.03

1.50

1.03

10.72

3.27

100.00

1978

4.65

1.60

28.80

44.55

1.56

2.11

12.55

4.19

100.00

1979

5.34

1.12

29.58

45.55

0.44

1.67

10.55

5.74

100.00

1980

7.61

1.47

27.10

38.23

3.15

2.34

12.39

7.71

100.00

1981

5.20

1.88

27.73

43.89

1.75

2.86

11.16

5.52

100.00

1982

5.05

7.88

10.14

40.97

5.54

5.08

20.45

4.90

100.00

1983

10.23

13.98

7.05

34.98

8.64

7.03

14.60

3.49

100.00

1984

16.22

13.66

7.65

28.28

6.08

8.44

14.24

5.44

100.00

1985

23.69

11.57

7.08

22.43

6.48

6.97

14.44

7.34

100.00

1986

24.47

7.38

12.06

22.96

7.13

5.44

15.39

5.17

100.00

1987

25.60

10.44

13.98

16.60

5.38

6.94

13.84

7.22

100.00

1988

24.38

8.94

11.99

18.36

6.77

9.22

11.01

9.32

100.00

1989

27.17

9.01

10.37

16.23

7.56

9.01

12.03

8.62

100.00

1990

30.63

9.04

8.88

14.99

7.54

9.86

11.17

7.89

100.00

1991

23.79

8.16

10.24

19.07

7.11

9.69

13.79

8.15

100.00

1992

23.72

8.11

10.55

20.18

6.95

9.83

14.35

6.29

100.00

1993

19.66

6.91

12.08

21.41

6.60

12.23

15.99

5.12

100.00

1994

13.58

6.57

14.67

23.51

5.32

11.11

17.02

8.22

100.00

1995

12.20

6.89

13.70

23.12

5.81

11.47

18.86

7.94

100.00

1996

8.89

7.03

14.93

19.91

4.66

11.47

27.79

5.32

100.00

1997

6.28

7.22

14.98

20.46

3.30

9.41

34.36

4.00

100.00

1998

1.66

7.97

13.76

21.44

3.07

5.81

41.70

4.59

100.00

1999

10.00

7.80

10.05

11.49

3.79

9.52

43.25

4.10

100.00

2000

10.41

9.27

11.13

8.51

0.94

9.94

42.77

7.03

100.00

2001

9.48

7.58

12.39

10.81

0.73

11.28

40.30

7.42

100.00

2002

0.56

6.04

11.92

19.33

0.73

13.08

41.06

7.29

100.00

2003

0.91

4.85

10.80

24.06

0.79

13.98

37.58

7.04

100.00

Reference Table IV (cont’d)
Distribution of Domestic Holdings of Government of Canada Securities
PART E—Bonds1

Year end

Persons and unincorporated businesses

Non-financial corporations

Bank of Canada

Chartered banks

Quasi- banks2

Life insurance companies and pension funds

Public and other financial institutions3

All levels of government4

Total5

($ millions)

1976

17,761

270

6,278

4,447

664

1,392

1,758

537

33,107

1977

19,883

185

7,807

4,652

905

2,173

2,094

703

38,402

1978

22,147

205

8,434

4,379

1,344

3,477

2,463

1,202

43,651

1979

22,359

209

9,311

3,466

1,619

6,471

2,553

2,035

48,023

1980

22,760

267

10,541

2,502

2,152

8,814

3,130

2,736

52,902

1981

32,406

151

11,669

1,406

2,109

10,009

3,155

3,112

64,017

1982

41,083

337

12,945

1,199

1,931

11,907

4,169

3,455

77,026

1983

46,540

356

14,264

2,228

2,371

15,229

4,608

4,035

89,631

1984

53,294

508

13,669

2,167

2,095

20,163

5,434

4,668

101,998

1985

60,991

870

11,683

2,569

2,055

27,144

6,957

5,970

118,239

1986

54,915

1,384

10,407

2,618

2,568

31,295

8,250

7,877

119,314

1987

65,999

1,359

10,519

4,514

2,675

34,064

9,958

8,916

138,004

1988

66,378

1,220

10,661

5,891

1,878

34,812

9,895

9,460

140,195

1989

52,410

1,734

10,009

3,394

1,738

38,373

11,042

8,589

127,289

1990

43,618

1,041

9,751

6,383

1,484

41,247

12,753

10,186

126,463

1991

42,522

1,143

9,277

11,410

3,002

45,460

15,418

10,598

138,830

1992

38,029

2,442

7,973

16,566

2,782

48,403

19,489

11,496

147,180

1993

33,762

702

6,622

30,341

2,007

52,832

22,985

11,246

160,497

1994

35,280

3,540

5,929

39,648

3,113

64,169

30,826

14,336

196,841

1995

32,571

2,844

5,292

45,695

3,187

72,152

33,861

15,721

211,323

1996

35,713

1,728

7,963

51,319

5,459

76,654

38,762

18,564

236,162

1997

33,958

3,612

12,965

48,267

3,921

86,047

46,792

21,706

257,268

1998

32,246

2,310

17,182

49,662

4,267

95,158

47,387

24,596

272,808

1999

28,579

2,628

20,491

44,266

4,710

100,528

44,325

24,897

270,424

2000

25,691

2,327

23,636

52,081

2,157

101,530

42,824

25,172

275,418

2001

25,235

653

25,777

55,427

2,886

89,343

39,328

27,503

266,152

2002

22,309

2,523

27,220

47,188

2,599

84,695

41,434

26,321

254,289

2003

20,468

2,559

28,665

41,284

2,742

85,900

44,333

30,537

256,488

Reference Table IV (cont’d)
Distribution of Domestic Holdings of Government of Canada Securities
PART F—Bonds1

Year end

Persons and unincorporated businesses

Non-financial corporations

Bank of Canada

Chartered banks

Quasi- banks2

Life insurance companies and pension funds

Public and other financial institutions3

All levels of government4

Total5

(%)

1976

53.65

0.82

18.96

13.43

2.01

4.20

5.31

1.62

100.00

1977

51.78

0.48

20.33

12.11

2.36

5.66

5.45

1.83

100.00

1978

50.74

0.47

19.32

10.03

3.08

7.97

5.64

2.75

100.00

1979

46.56

0.44

19.39

7.22

3.37

13.47

5.32

4.24

100.00

1980

43.02

0.50

19.93

4.73

4.07

16.66

5.92

5.17

100.00

1981

50.62

0.24

18.23

2.20

3.29

15.63

4.93

4.86

100.00

1982

53.34

0.44

16.81

1.56

2.51

15.46

5.41

4.49

100.00

1983

51.92

0.40

15.91

2.49

2.65

16.99

5.14

4.50

100.00

1984

52.25

0.50

13.40

2.12

2.05

19.77

5.33

4.58

100.00

1985

51.58

0.74

9.88

2.17

1.74

22.96

5.88

5.05

100.00

1986

46.03

1.16

8.72

2.19

2.15

26.23

6.91

6.60

100.00

1987

47.82

0.98

7.62

3.27

1.94

24.68

7.22

6.46

100.00

1988

47.35

0.87

7.60

4.20

1.34

24.83

7.06

6.75

100.00

1989

41.17

1.36

7.86

2.67

1.37

30.15

8.67

6.75

100.00

1990

34.49

0.82

7.71

5.05

1.17

32.62

10.08

8.05

100.00

1991

30.63

0.82

6.68

8.22

2.16

32.75

11.11

7.63

100.00

1992

25.84

1.66

5.42

11.26

1.89

32.89

13.24

7.81

100.00

1993

21.04

0.44

4.13

18.90

1.25

32.92

14.32

7.01

100.00

1994

17.92

1.80

3.01

20.14

1.58

32.60

15.66

7.28

100.00

1995

15.41

1.35

2.50

21.62

1.51

34.14

16.02

7.44

100.00

1996

15.12

0.73

3.37

21.73

2.31

32.46

16.41

7.86

100.00

1997

13.20

1.40

5.04

18.76

1.52

33.45

18.19

8.44

100.00

1998

11.82

0.85

6.30

18.20

1.56

34.88

17.37

9.02

100.00

1999

10.57

0.97

7.58

16.37

1.74

37.17

16.39

9.21

100.00

2000

9.33

0.84

8.58

18.91

0.78

36.86

15.55

9.14

100.00

2001

9.48

0.25

9.69

20.83

1.08

33.57

14.78

10.33

100.00

2002

8.77

0.99

10.70

18.56

1.02

33.31

16.29

10.35

100.00

2003

7.98

1.00

11.18

16.10

1.07

33.49

17.28

11.91

100.00

Note: Because of timing and valuation differences, The National Balance Sheet Accounts data contained in this table are not necessarily on the same basis as other data elsewhere in this publication (most of the data in this report are on a par-value basis—that is, outstanding securities are valued at par). For this reason, although the two sets of data yield very similar information, the data in this table are not strictly comparable with other data in this publication.